Rolling coverage of the latest economic and financial news
Britain’s stock market have jumped at the start of trading, on relief that a bipartisan deal that could end the US government shutdown has been reached.
The FTSE 100 index of blue-chip shares is up 68 points, or 0.7%, at 9752 points – just 35 points away from the record high.
The news that the US government shutdown could finally come to an end lifts market sentiment, after the Senate put together the 60 votes needed to push the deal through its first stage.
It’s only the opening act in what could still be a drawn-out political drama, but investors are seizing on any sign of progress to end the longest US government shutdown in history and feed on data — data they need to understand where the US economy stands, where inflation and jobs are headed, and what the Federal Reserve (Fed) should do next.
“Diageo is a world leading business with a portfolio of very strong brands, and I am delighted to be joining the team. The market faces some headwinds but there are also significant opportunities. I look forward to working with the team to face these challenges and realise some of the opportunities in a way which creates shareholder value.”
Continue reading…Rolling coverage of the latest economic and financial newsSenate advances funding bill to end longest US government shutdown in historyBritain’s stock market have jumped at the start of trading, on relief that a bipartisan deal that could end the US government shutdown has been reached.The FTSE 100 index of blue-chip shares is up 68 points, or 0.7%, at 9752 points – just 35 points away from the record high.The news that the US government shutdown could finally come to an end lifts market sentiment, after the Senate put together the 60 votes needed to push the deal through its first stage.It’s only the opening act in what could still be a drawn-out political drama, but investors are seizing on any sign of progress to end the longest US government shutdown in history and feed on data — data they need to understand where the US economy stands, where inflation and jobs are headed, and what the Federal Reserve (Fed) should do next.“Diageo is a world leading business with a portfolio of very strong brands, and I am delighted to be joining the team. The market faces some headwinds but there are also significant opportunities. I look forward to working with the team to face these challenges and realise some of the opportunities in a way which creates shareholder value.” Continue reading…